Protecting Assets

If you want to protect your assets down the generations then it may be appropriate to consider creating trusts in your Will. Our asset protection solicitors can guide you through this process to ensure that your assets will transfer smoothly from one generation to the next.

One common scenario is a client wishing to provide for their partner during his or her lifetime while ensuring that after the surviving partner’s death the assets pass to the children. This type of situation involves the use of a trust and is often a concern for clients with children from more than one relationship.

A discretionary trust may also be included, which is a very flexible device and preserves the opportunity for tax planning following your death in light of the tax rules and family circumstances applicable at that time.

Some of the reasons for creating trusts in your Will:

  • To prevent funds from being spent unwisely by a beneficiary
  • To protect funds from a future divorce or bankruptcy of a beneficiary
  • To protect against assets passing out of the family if a surviving spouse were to remarry
  • To provide for minor children
  • To provide for disabled persons
  • To provide for vulnerable beneficiaries
  • To keep assets within the pool of direct descendants
  • To protect inheritance tax relief on assets that are exempt, such as business or agricultural assets
  • To minimise inheritance tax payable by your estate
  • Inheritance tax planning to qualify for the Residence Nil Rate Band
  • Second generation inheritance tax planning

Our expert asset protection solicitors can assist with setting up the Will Trust when a client dies and administering the Will Trust long term if necessary.

We can also act as Trustees if required.

Our Experts

Carla Brown

Partner, Solicitor and Head of Wills, Trusts & Probate

View All Experts
Andy Kirby

Private Client Consultant

View All Experts
Rebecca Suthers

Senior Associate & Chartered Legal Executive

View All Experts
Nicola Hall

Associate Solicitor

View All Experts
Marie Pethen

Associate & Private Client Executive

View All Experts
Katy Sewell

Associate Solicitor

View All Experts
Cariad Medway-Smith

Private Client Executive

View All Experts
Theresa Mills

Solicitor

View All Experts
Paul Naser

Consultant Solicitor

View All Experts
Rose-Marie Stone

Paralegal

View All Experts
Louise Sutton

Chartered Legal Executive

View All Experts
Jo Tout

Probate Executive

View All Experts
Diane Vincent

Chartered Legal Executive

View All Experts
Samantha Barratt-Habgood

Secretary

View All Experts
Corinne Bowerman-Watson

Wills, Trusts & Probate Assistant

View All Experts
Jennifer Dinsdale

Paralegal

View All Experts
Emma Fidler

Secretary

View All Experts
Kim Houston

Secretary

View All Experts
Samantha Laird

Personal Assistant

View All Experts
Sally Shefford

Secretary

View All Experts
Amanda Vanson

Secretary

View All Experts
Julie White

Paralegal

View All Experts

Here to help

Our specialist teams can provide full service legal advice and assistance, providing practical and cost-effective solutions.

Our offices

Bournemouth
302 Charminster Road Bournemouth Dorset BH8 9RU
01202 525333 Contact
London
Office 309 107 – 111 Fleet Street London EC4A 2AB
02039 784720 Contact
Poole
14a Haven RoadCanford Cliffs, Poole Dorset BH13 7LP
01202 709898 Contact
Ringwood
Monmouth Court Southampton Road, Ringwood Hampshire BH24 1HE
01425 484848 Contact
Swanage
55 High Street Swanage Dorset BH19 2LT
01929 422233 Contact
Wimborne
39a East Street Wimborne Dorset BH21 1DX
01202 057676 Contact